2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
GDP PC 
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186

About

Sweden-Switzerland Trade: In 2022, Sweden exported $1.63B to Switzerland. The main products that Sweden exported to Switzerland were Cars ($144M), Packaged Medicaments ($70.4M), and Gold ($67.6M). Over the past 5 years the exports of Sweden to Switzerland have decreased at an annualized rate of 0.43%, from $1.66B in 2017 to $1.63B in 2022.

In 2020, Sweden exported services to Switzerland worth $3.94B, with Other business services ($2.36B), Transportation ($722M), and Computer and information services ($263M) being the largest in terms of value.

Switzerland-Sweden Trade: In 2022, Switzerland exported $1.78B to Sweden. The main products that Switzerland exported to Sweden were Nitrogen Heterocyclic Compounds ($165M), Vaccines, blood, antisera, toxins and cultures ($162M), and Packaged Medicaments ($138M). Over the past 5 years the exports of Switzerland to Sweden have increased at an annualized rate of 4.53%,  from $1.43B in 2017 to $1.78B in 2022.

In 2019, Switzerland exported services to Sweden worth $735M, with Royalties and license fees ($246M), Transportation ($189M), and Computer and information services ($151M) being the largest in terms of value.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.63B to Switzerland. The main products exported from Sweden to Switzerland were Cars ($144M), Packaged Medicaments ($70.4M), and Gold ($67.6M). During the last 5 years the exports of Sweden to Switzerland have decreased at an annualized rate of 0.43%, from $1.66B in 2017 to $1.63B in 2022.

In 2017, Switzerland exported $1.78B to Sweden. The main products exported from Switzerland to Sweden were Nitrogen Heterocyclic Compounds ($165M), Vaccines, blood, antisera, toxins and cultures ($162M), and Packaged Medicaments ($138M). During the last 5 years the exports of Switzerland to Sweden have increased at an annualized rate of 4.53%, from $1.43B in 2022 to $1.78B in 2017.

Exports from Sweden (Flag) to Switzerland (Flag) (2022)

Exports from Switzerland (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Switzerland
Top Destination
United States$61.7B

This map shows whether countries import more from Sweden or Switzerland. Each country is colored based on the difference in imports they receive from Sweden and Switzerland or the difference in the growth in imports.

In 2022, countries that imported more from Sweden than Switzerland included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2022, countries that imported more from Switzerland than Sweden included United States ($61.7B), China ($44.1B), and Germany ($53.5B).

Difference in imports from Switzerland (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Switzerland

Flow
Scale

This chart compares trade between Sweden and Switzerland by product, considering products traded by both, Sweden and Switzerland.

During 2022, Sweden had a large net trade with Switzerland in the exports of Machines ($398M), Transportation ($251M), and Precious Metals ($164M).

During 2017, Switzerland had a large net trade with Sweden in the exports of Chemical Products ($676M), Machines ($399M), and Instruments ($218M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Switzerland+$85.1MCars
Top Product Potential Switzerland Sweden+$88.7MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Sweden exported services to Switzerland worth $3.94B, with Other business services ($2.36B), Transportation ($722M), and Computer and information services ($263M) being the largest in terms of value.

In 2019, Switzerland exported services to Sweden worth $735M, with Royalties and license fees ($246M), Transportation ($189M), and Computer and information services ($151M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Switzerland (Flag) (2020)

Services Exports from Switzerland (Flag) to Sweden (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Switzerland. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Switzerland. Similarly, a dot/product with the flag of Switzerland indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Switzerland (Flag) (2022)

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